Business Desk :
Dhaka’s stock market faced a continuous two-day downturn, while Chattogram’s market declined on the second day after an initial rise on Monday.
On the day, the benchmark DSEX index of the Dhaka Stock Exchange (DSE) dropped by 16 points, reports UNB.
The other two indices also followed a downward trend, with the Shariah-based DSES decreasing by 1 point and the blue-chip DS30 index falling by 6 points.
Among the 396 companies that took part in trading, the majority saw a decline in share prices. While the prices of 97 companies rose, 221 saw a drop and 78 remained unchanged.
Across all three categories-A, B, and Z-most companies experienced a downward trend. Out of 36 mutual funds traded, the prices of most remained unchanged, while 9 saw an increase and 10 faced a decline.
In the block market, shares worth Tk 1.93 billion were traded across 27 companies, with Express Insurance Limited leading the way with shares worth Tk 618 million changing hands.
After the first hour of trading, share prices began to drop, triggering a selling spree in the DSE. As a result, despite the declining index, trading activity increased significantly in Dhaka’s market.
DSE recorded transactions worth Tk 5.05 billion in a single day, the highest in 13 trading days. On the previous trading day, the transaction volume stood at Tk 4.48 billion.
Mozaffar Hossain Spinning Mills Limited topped the DSE gainers’ list with a 10% increase in share price, while National Bank Limited saw the biggest loss, dropping by more than 4.5%.
